During Wednesday’s current trade, Delphi Automotive PLC (NYSE:DLPH)’s shares gained 0.99%, to $88.39.
Delphi Automotive PLC (DLPH) declared that Joseph S. Cantie has joined its board of directors effective June 1.
Cantie is presently the executive vice president and chief financial officer of ZF TRW, a division of ZF Friedrichshafen AG, a global automobile supplier. He served in these roles for TRW Automotive Holdings Corp. since April 2004, and has held various other senior financial administration roles at TRW since joining the company in 1999. Cantie has also held administration roles at LucasVarity and KPMG Peat Marwick.
Cantie is a certified public accountant and has a bachelor’s of science degree from the State University of New York at Buffalo.
Delphi Automotive PLC, together with its auxiliaries, manufacturers vehicle components; and provides electrical and electronic, powertrain, safety, and thermal technology solutions to the automotive and commercial vehicle markets worldwide. The company operates through four segments: Electrical/Electronic Architecture, Powertrain Systems, Electronics and Safety, and Thermal Systems. The Electrical/Electronic Architecture segment provides complete design of the vehicle’s electrical architecture, counting connectors, wiring assemblies and harnesses, electrical centers, and hybrid high voltage and safety distribution systems.
Liberty Interactive Corp (NASDAQ:QVCA)’s shares jumped 1.97% to $28.48, during the current trading session Wednesday’s.
Liberty Interactive Corporation (QVCA)) declared that it has reached an agreement with Liberty Broadband Corporation (NASDAQ: LBRDA, LBRDK) (“Liberty Broadband”) whereby Liberty Interactive will invest $2.4 billion in Liberty Broadband in connection with (and contingent upon) the closing of declared projected merger of Charter Communications, Inc. (“Charter”) and Time Warner Cable Inc. (“TWC”). The proceeds of this investment will be used by Liberty Broadband to fund, in part, its agreement to acquire $4.3 billion of Charter stock. Liberty Broadband’s acquisition will be made in support of (and contingent upon) the closing of the Charter-TWC merger. In connection with these transactions, it is predictable that Charter will undergo a corporate reorganization, resulting in a current partner of Charter becoming the publicly traded parent company (“New Charter”). Liberty Interactive’s investment in Liberty Broadband will be funded using cash on hand and will be attributed to the Liberty Ventures Group.
Liberty Interactive Corporation, through its auxiliaries, engages in the video and on-line commerce industries in North America, Europe, and Asia. It markets and sells various consumer products primarily through live televised shopping programs, Websites, and mobile applications.
In a mid-morning trade, Pepco Holdings, Inc. (NYSE:POM)‘s shares declined -0.22%, to $26.98.
The Delaware Public Service Commission (PSC) issued an order approving the merger between Exelon Corporation (EXC) and Pepco Holdings Inc. (POM) upon the terms set forth in the parties’ application, as amended by the Amended Settlement Agreement filed with the PSC on April 7, 2015. This action follows the Commission’s deliberations on May 19, 2015, when the Commission voted to approve the Amended Settlement Agreement. Recently’s order approves the merger and authorizes the consummation of the merger. A further order with the PSC’s specific grounds for approval will follow at a later date. The companies declared their projected merger on April 30, 2014, and presented their application to merge to the PSC on June 18, 2014.
The Amended Settlement Agreement was filed by Exelon, PHI and Delmarva Power on April 7, 2015, and signed by PSC Staff, the Delaware Public Advocate, the Department of Natural Resources and Environmental Control (DNREC), the Delaware Sustainable Energy Utility, the Mid-Atlantic Renewable Energy Coalition and the Clean Air Council. The terms provide more than $42 million in direct benefits, deliver noteworthyeconomic benefits to Delaware and Delmarva Power customers, promote energy efficiency, enhance reliability, support workforce development and promote the public interest.
Pepco Holdings, Inc., through its auxiliaries, engages in the transmission, distribution, and supply of electricity. The company also distributes and supplies natural gas. In addition, the company designs, constructs, and operates energy projects and distributed generation equipment, counting combined heat and power plants principally for federal, state, and local government customers.
Fortune Brands Home & Security Inc (NYSE:FBHS), during its Wednesday’s current trading session decreased -0.83% to $46.32.
Fortune Brands Home & Security, Inc. (FBHS) the maker of Moen® faucets, Master Lock® security products, MasterBrand Cabinets® and Therma-Tru® entry door systems, declared it intends to give $400,000 over three years to The Nature Conservancy, one of the world’s most trusted and effective global conservation organizations. This intention extends the existing three year relationship as part of the Company’s Fortunate Giving contributions program, which has already donated $245,000 to the Conservancy.
As with previous donations to The Nature Conservancy, Fortune Brands’ forthcoming contributions will be earmarked towards freshwater programs in the Great Lakes and around the globe. The Great Lakes hold 95 percent of North America’s surface freshwater, providing drinking water, beautiful scenery and recreation- and it’s a critical business resource for energy, transportation of goods and manufacturing processes. The Company’s support of the Conservancy’s water conservation programs aligns with its corporate social responsibility aims and existing commitments of its WaterSense® products that meet the Environmental Protection Agency’s guidelines for environmentally responsible and efficient products.
Fortune Brands Home & Security, Inc. provides home and security products for use in residential home repair, remodeling, new construction, security applications, and storage. It operates in four segments: Cabinets, Plumbing, Doors, and Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, in addition to vanities for the kitchen, bath, and other parts of the home under various brand names, counting Aristokraft, Kitchen Craft, Kitchen Classics, Omega, Schrock, Homecrest, Decorá, Diamond, St. Paul, Kemper, Thomasville, and Martha Stewart Living in North America. The Plumbing segment manufactures or assembles, and sells faucets, accessories, and kitchen sinks under the Moen brand name in North America, China, Southeast Asia, and South America.
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